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It's not even a "gray swan" event, it was entirely predictable. Google was internally explicitly predicting this a year and a half ago* and they can't have been
by LiquidSky 2y ago
It's not even a "gray swan" event, it was entirely predictable. Google was internally explicitly predicting this a year and a half ago* and they can't have been the only ones.
*"Google 'We Have No Moat, And Neither Does OpenAI'" - https://semianalysis.com/2023/05/04/google-we-have-no-moat-and-neither/ https://semianalysis.com/2023/05/04/google-we-have-no-moat-a...
- mrweasel 2y ago> Taleb said too many investors have been bidding up prices of firms related to AI without properly knowing the details of how it functions or is able to succeed. This may just be Taleb retrofitting terms to give him talking time. So while yes, it was entirely predictable, if you actually research what you're buying into and understand it... which most don't.